first, a comparison of china and india's economies to the united states. this is 35 minutes. >> this year, 2012 there was a sharp slowdown in the economies and there is a lot of questioning stellar growth rates that we're used to. that is what we will look at in this session. we have two outstanding individuals known for contrarian views on the emerging economies. we will start with william easterly and probably best known to you for his books, "the white mans burden." a very non provocative book as you can tell from the title. "the elusive quest for growth." bill was named one the top global intellectuals. what is going to happen to these bricks? guest: i want to focus on china. this is a major moment for development thinking. the idea of the growth merkel that china has done so much to promote is over at this point. let me give some insights. authoritarian growth miracles do not last. how many of you have heard of a growth miracal? just raise your hand. i thought we would have a better i thought we would have a better informed audience.